Comerica Bank trimmed its position in Sprouts Farmers Market, Inc. (NASDAQ:SFM – Free Report) by 17.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,813 shares of the company’s stock after selling 7,213 shares during the period. Comerica Bank’s holdings in Sprouts Farmers Market were worth $2,774,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Sprouts Farmers Market during the third quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in Sprouts Farmers Market during the fourth quarter worth approximately $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Sprouts Farmers Market during the second quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its position in Sprouts Farmers Market by 98.6% during the third quarter. Smartleaf Asset Management LLC now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sprouts Farmers Market during the third quarter worth approximately $33,000.
Insider Transactions at Sprouts Farmers Market
In related news, CEO Jack Sinclair sold 57,644 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $80.82, for a total value of $4,658,788.08. Following the transaction, the chief executive officer owned 277,935 shares in the company, valued at approximately $22,462,706.70. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Nicholas Konat sold 10,123 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $80.82, for a total transaction of $818,140.86. Following the completion of the transaction, the chief operating officer owned 80,139 shares in the company, valued at $6,476,833.98. The trade was a 11.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,156 shares of company stock valued at $10,600,146 in the last three months. 1.30% of the stock is owned by company insiders.
Sprouts Farmers Market Trading Down 0.6%
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Sprouts Farmers Market had a net margin of 5.70% and a return on equity of 36.06%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the firm posted $1.81 earnings per share. Sprouts Farmers Market’s revenue for the quarter was up 4.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2026 guidance at 5.320-5.480 EPS and its Q2 2026 guidance at 1.320-1.360 EPS. On average, sell-side analysts predict that Sprouts Farmers Market, Inc. will post 5.56 EPS for the current year.
Wall Street Analysts Forecast Growth
SFM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sprouts Farmers Market in a report on Friday, March 27th. Wells Fargo & Company decreased their price target on shares of Sprouts Farmers Market from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Evercore reiterated an “outperform” rating on shares of Sprouts Farmers Market in a report on Thursday. Finally, Wall Street Zen lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $96.08.
Get Our Latest Stock Analysis on Sprouts Farmers Market
About Sprouts Farmers Market
Sprouts Farmers Market, Inc (NASDAQ: SFM) is a specialty grocery retailer focused on fresh, natural and organic foods. Headquartered in Phoenix, Arizona, the company operates stores designed to offer an open-market shopping experience, emphasizing quality produce sourced from regional farmers alongside organic pantry staples, dairy, meat and seafood. Sprouts’ product assortment also includes bulk foods, vitamins and supplements, a deli and prepared foods, reflecting its commitment to wellness and affordable healthy living.
Founded in 2002 by members of the Boney family, Sprouts began as a single farmers market in Chandler, Arizona.
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